Short Term Notes Payable

12 Months Ended

Dec. 31, 2014

7. Short Term Notes Payable

The Company had the following short-term notes payable as of December 31, 2014 and 2013:


	2014		2013
Product liability insurance financing of $50,694 and $50,037, due in monthly installments of $5,223 and $5,155 including principal and interest at 6.57% and 6.57% through January 10, 2015 and January 10, 2014, respectively	$	5,195	$	5,127
Directors’ and officers’ liability insurance financing of $108,306 and $106,994, due in monthly installments of $10,076 and $9,954 including principal and interest at 4.64% and 4.64% through June 24, 2015 and June 24, 2014		59,645		58,924

Total short-term notes payable	$	64,840	$	64,051

The entire disclosure for short-term debt.